Changes

House Republicans proposed a stimulus bill tilted more sharply toward tax cuts, which they say will generate the most economic activity the fastest. Their substitute proposed cutting individual and business taxes as well as reducing much of the bill’s spending; it was rejected by a party-line vote of 170-266. The failed GOP measure totaled about $479 billion, a little more than half the total passed by the Democrats.

House Republicans proposed a stimulus bill tilted more sharply toward tax cuts, which they say will generate the most economic activity the fastest. Their substitute proposed cutting individual and business taxes as well as reducing much of the bill’s spending; it was rejected by a party-line vote of 170-266. The failed GOP measure totaled about $479 billion, a little more than half the total passed by the Democrats.

The 2009 bill includes tax rebates that resemble in part the $152 billion stimulus law proposed by President [[George W. Bush]] and passed by Congress in Feb. 2008; those rebates were mostly saved and failed to stimulate the economy in 2008. <ref>see [http://www.reuters.com/article/newsOne/idUSN0631744820080208 Reuters, Feb. 8, 2008]</ref>  

The 2009 bill includes tax rebates that resemble in part the $152 billion stimulus law proposed by President [[George W. Bush]] and passed by Congress in Feb. 2008. However those 2008 rebates were mostly (85%) saved and used to pay down debts rather then make new purchases, so they failed to stimulate the economy in 2008. <ref>see [http://www.reuters.com/article/newsOne/idUSN0631744820080208 Reuters, Feb. 8, 2008]</ref>  

==House==  

==House==